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Compute actual net income

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Question - From the planning budget, you collect the following information: Total sales = $40,000, and sales volume of 5,000 units. The contribution margin ratio = 25.00% and total fixed expenses = $8,000.

Actual total sales were 4,500 units at a sale price of $10.00 per unit. The revised contribution margin ratio was 30.00% and actual fixed expenses totaled $10,000. Compute Actual Net Income.

Reference no: EM133135680

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